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Share the post "Kamat Hotels (India) ltd.’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 5.05 % in YoY and decreased by 1.82 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 5.05 % in the past year, decrease in net sales/revenue by -1.82 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 13.32 %. Marginal increase in other income during this quarter, up by 118.47%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kamat Hotels (India) ltd.. Profit dropped by -99.22 % Year to Year, Kamat Hotels (India) ltd.’s profitability dropped by -94.88 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -99.28 % Year to Year. EPS decreased by -95.14 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 80.453 Cr | Rs. 86.079 Cr | Rs. 84.513 Cr | -1.82 % | + 5.05 % |
| Expenses | Rs. 33.63 Cr | Rs. 60.16 Cr | Rs. 61.46 Cr | + 2.16 % | + 82.75 % |
| Operating Profit | Rs. 46.82 Cr | Rs. 25.92 Cr | Rs. 23.05 Cr | -11.07 % | -50.77 % |
| OPM % | 58.2 % | 30.11 % | 27.27 % | -2.84 % | -30.93 % |
| Other Income | Rs. 4.28 Cr | Rs. 2.22 Cr | Rs. 4.85 Cr | + 118.47 % | + 13.32 % |
| Interest | Rs. 9.7 Cr | Rs. 13.18 Cr | Rs. 14.91 Cr | + 13.13 % | + 53.71 % |
| Depreciation | Rs. 3.84 Cr | Rs. 4.87 Cr | Rs. 4.78 Cr | -1.85 % | + 24.48 % |
| Profit before tax | Rs. 37.56 Cr | Rs. 10.09 Cr | Rs. 8.21 Cr | -18.63 % | -78.14 % |
| Tax % | 2.16 % | 2.49 % | 76.65 % | + 74.16 % | + 74.49 % |
| Net Profit | Rs. 271.16 Cr | Rs. 41.57 Cr | Rs. 2.13 Cr | -94.88 % | -99.21 % |
| EPS in Rs | Rs. 113.72 | Rs. 16.86 | Rs. 0.82 | -95.14 % | -99.28 % |
Today, we’re looking at Kamat Hotels (India) ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.05 %. However, it did see a marginal slip of -1.82 % from the previous quarter. Expenses ticked up slightly by 2.16 % quarter-on-quarter, aligning with the annual rise of 82.75 %. Operating profit, while down -50.77 % compared to last year, faced a quarter-on-quarter dip of -11.07 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -30.93 %, but a shrinkage of -2.84 % sequentially. Other income rose by 118.47 % compared to the last quarter, despite an annual growth of 13.32 %. Interest expenses surged remarkably by 13.13 % from the previous quarter, yet the year-over-year increase remains at a moderate 53.71 %. Depreciation costs fell by -1.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 24.48 %. Profit before tax declined annually by -78.14 % but saw a reduction from the preceding quarter by -18.63 %.
Tax expenses as a percentage of profits increased slightly by 74.49 % compared to last year, with a more notable quarter-on-quarter increase of 74.16 %. Net profit fell by -99.21 % year-on-year but witnessed a -94.88 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -99.28 % but a quarterly fall of -95.14 %. In summary, Kamat Hotels (India) ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 80.453 Cr | Rs. 86.079 Cr | Rs. 84.513 Cr | -1.82 % | + 5.05 % |
| Expenses | Rs. 33.63 Cr | Rs. 60.16 Cr | Rs. 61.46 Cr | + 2.16 % | + 82.75 % |
| Operating Profit | Rs. 46.82 Cr | Rs. 25.92 Cr | Rs. 23.05 Cr | -11.07 % | -50.77 % |
| Net Profit | Rs. 271.16 Cr | Rs. 41.57 Cr | Rs. 2.13 Cr | -94.88 % | -99.21 % |
| EPS in Rs | Rs. 113.72 | Rs. 16.86 | Rs. 0.82 | -95.14 % | -99.28 % |
In reviewing Kamat Hotels (India) ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.05 % year-on-year growth, although there was a slight dip of -1.82 % from the previous quarter. Expenses rose by 82.75 % compared to the previous year, with a 2.16 % increase quarter-on-quarter. Operating Profit dropped by -50.77 % annually, and saw a -11.07 % decrease from the last quarter.
Net Profit showed yearly decrease of -99.21 %, and experienced a -94.88 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -99.28 % annually, however dipped by -95.14 % compared to the last quarter. In essence, while Kamat Hotels (India) ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
